NAPA AUTO PARTS

Rare annual increases: Both tenants leases feature annual increases, providing a landlord with a strong hedge against inflation. The Napa lease features 3% annual increases and Fitness 4 Life features 2% annual increases.
Nnn lease structure: Both leases call for the tenant to be responsible for all maintenance and repairs, perfect for a buyer looking to place capital in a hands-off investment.
Well below market rents: Market rent in Colfax, CA can be as much as ±$28/SF per Costar.com. This building is collecting ±$15.02/SF positioning the site well below relocation and replacement cost.
Zero auto parts competition: Napa is the only corporate operated auto parts store within a ±10-mile radius.
Early lease extension: Fitness 4 Life just recently exercised a 7-year extension to their lease making it run concurrent to Napa until December 2031. In July 2025 Fitness 4 Life will be celebrating their 20th anniversary in this building.
Former Riebes Auto Parts: In 2021, Riebes Auto Parts was acquired by Genuine Parts Company as a strategic plan to expand North California operations. Riebes Auto Parts had 25+ locations throughout the greater Sacramento area which started in 1956 and was one of the most profitable Independently owned Napa Auto Parts businesses in the country.
Thriving B2B business model: The Riebes business model was built on providing excellent service to their business partners. The success was built through strategic B2B sales from a variety of local businesses including fleet services, agricultural, auto mechanics, and municipalities.
Directly interstate access: Positioned in the heart of town. The building benefits from immediate access to Interstate-90 and State Highway-174. This crossroad is the busiest in town with over 35,100 vehicles passing through daily.
Strong demographics: Colfax, CA has just over 11,776 residents within a 5-mile radius. The average household income for this population is over $112,693

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David Harrington